B.O.S.S. Retirement Advisors LLC Invests $1.20 Million in Shopify Inc. (NYSE:SHOP)

B.O.S.S. Retirement Advisors LLC purchased a new stake in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 11,321 shares of the software maker’s stock, valued at approximately $1,204,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Shopify during the fourth quarter worth $36,510,000. Geneos Wealth Management Inc. grew its holdings in Shopify by 8.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 4,069 shares of the software maker’s stock worth $433,000 after acquiring an additional 318 shares during the period. DGS Capital Management LLC boosted its stake in shares of Shopify by 9.0% during the 4th quarter. DGS Capital Management LLC now owns 3,853 shares of the software maker’s stock worth $410,000 after acquiring an additional 317 shares in the last quarter. Berbice Capital Management LLC purchased a new stake in Shopify in the 4th quarter worth about $533,000. Finally, RFG Advisory LLC boosted its position in Shopify by 7.5% during the 4th quarter. RFG Advisory LLC now owns 8,706 shares of the software maker’s stock worth $926,000 after acquiring an additional 608 shares during the period. 69.27% of the stock is owned by hedge funds and other institutional investors.

Shopify Stock Up 1.5 %

NYSE:SHOP opened at $107.74 on Friday. Shopify Inc. has a twelve month low of $48.56 and a twelve month high of $120.72. The firm has a market capitalization of $139.22 billion, a price-to-earnings ratio of 100.70, a price-to-earnings-growth ratio of 2.24 and a beta of 2.46. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.09. The stock’s 50 day moving average price is $109.37 and its two-hundred day moving average price is $86.92.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Citigroup raised their price target on shares of Shopify from $90.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, September 30th. The Goldman Sachs Group boosted their target price on Shopify from $88.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Moffett Nathanson raised their price objective on shares of Shopify from $86.00 to $99.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Wedbush upgraded shares of Shopify from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $115.00 to $125.00 in a research note on Monday, January 6th. Finally, Barclays lifted their price objective on shares of Shopify from $70.00 to $93.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $100.31.

Shopify Company Profile

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.